Certificates of Deposit

CDARS

We know the security of FDIC insurance is important to you. That’s why NBT Bank offers CDARS® or the Certificate of Deposit Account Registry Service®. This service is the perfect solution for depositors with $250,000 or more in savings and allows you to maintain your CDs with one bank while securing full FDIC insurance up to $50 million.

Features

Minimum to Open

$100,000

Minimum Term

4 Weeks

Maximum Term

3 Years

Interest Distribution Options

You can choose to have your monthly interest added to the balance of your CD, deposited to an NBT Bank checking or savings account, or mailed to you by check.

*There will be no exceptions honored in regards to early withdrawal penalties.

**Death Early Withdrawal – next day for the individual that is the sole account holder of the CD. This penalty waiver applied to an individual who is named account holder as well as an individual who is the sole current and mandatory or discretionary income of trust, including the sole current beneficiary of a unitrust or annuity trust. A copy of the death certificate is required. Other documents may be required.